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Jul 21, 2011
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over the entire decade, the cost of afghanistan and iraq wars is about $1.3 trillion. and that is a lot of money. again, that's over ten years, over a decade. this year alone, the deficit is expected to be $1.4 trillion. the deficit this year will be larger than the cost of the iraq and afghanistan wars over ten years. the driving force behind our deficit is not the wars in iraq and afghanistan. it's just not. war costs represent only 4% of total outlays over the last ten years. the total amount of money spent since president obama took office is $8.5 trillion. by the end of his first three years in office, we will have added $5 interest to our gross federal deficit. these are stunning numbers. bush had a widely criticized $450 billion deficit. since president obama has been in ofsz the deficits -- in office the deficit looks like it will be $1.5 trillion. we are borrowing too close to half of what we're spending every single day. in the last few years, discretionary spending, non-defense discretionary spending in the last two years increased 24%. 12% a year on average
over the entire decade, the cost of afghanistan and iraq wars is about $1.3 trillion. and that is a lot of money. again, that's over ten years, over a decade. this year alone, the deficit is expected to be $1.4 trillion. the deficit this year will be larger than the cost of the iraq and afghanistan wars over ten years. the driving force behind our deficit is not the wars in iraq and afghanistan. it's just not. war costs represent only 4% of total outlays over the last ten years. the total...
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Jul 6, 2011
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-- or afghanistan, then iraq. both wars totaling well over a trillion, $2 trillion. that will ultimately, both of those, the tax cuts and the wars, accounts for about $7 trillion in deficits in 2009 and going forward. now, madam president, the facts are clear. the tax cuts that president bush put in place contributed to the deficit and the revenues have got to be addressed if we're employing to go forward -- if we're going to go forward and deal with this. federal revenues today, the money the government takes in, is at its lowest level since 1950. we've had a 60% reduction in revenue and a 60% increase in expenditures. and right now, we're at the lowest level of revenue taken in that we've been at since the 1950's. and there are only about 14% of the total g.d.p. the fact is that the last five times we balanced the budget, those revenues were about19% or 20% of g.d.p. so here we are at 14%. we've balanced the budget five times previously. and the revenues were at about 19.5% to 20% of g.d.p. doesn't that tell us
-- or afghanistan, then iraq. both wars totaling well over a trillion, $2 trillion. that will ultimately, both of those, the tax cuts and the wars, accounts for about $7 trillion in deficits in 2009 and going forward. now, madam president, the facts are clear. the tax cuts that president bush put in place contributed to the deficit and the revenues have got to be addressed if we're employing to go forward -- if we're going to go forward and deal with this. federal revenues today, the money the...
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Jul 13, 2011
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over ten years, the war on terrorism, iraq and afghanistan together have cost about $1,500,000,000,000. this next year, we're projecting a little over $100 billion to be spent. so i just would say so the amount of the deficit this one year will equal the cost of the afghan and iraq wars over ten years. the deficit this year is is $1,500,000,000,000. the cost of the war this year is about $150 billion. so it's about 10% of the deficit we're running this year. so although it's real and we hope to bring those numbers down and are already projecting next year those numbers to come down closer to $100 billion from from $150 billion, still the cause of our deficit is not the war. it represents about 10% of the total deficit we are running this year. it's just -- that's just the fact. that's what the numbers show. madam president, one of the few things mandated for congress to do every year is to pass a budget. according to the congressional budget act contained in the united states code, signed into law in 1974, the senate budget committee must produce a budget resolution by april 1, adopt a
over ten years, the war on terrorism, iraq and afghanistan together have cost about $1,500,000,000,000. this next year, we're projecting a little over $100 billion to be spent. so i just would say so the amount of the deficit this one year will equal the cost of the afghan and iraq wars over ten years. the deficit this year is is $1,500,000,000,000. the cost of the war this year is about $150 billion. so it's about 10% of the deficit we're running this year. so although it's real and we hope to...
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Jul 19, 2011
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so when members of congress say continue the war in afghanistan, afghanistan, $10 billion a month, they are saying we're prepared to borrow $4 billion every single month to keep that promise. so the president comes to us about once a year and says i need more authority to continue to borrow money to pay for the things that you have asked us to do. that's what it comes down to. now, nobody likes to vote for the debt ceiling because it is so widely misunderstood. most people basically say i don't want to be associated with it. i have been guilty of that in my political career, but the fact is most of us look over our shoulders at the final vote and say we better pass this darn thing because if we don't, we will default on our debt. the full faith and credit of the united states of america is like our credit score. guess what? we have the best in the world. of all governments in the world, we have the best. aaa. it doesn't get any better, and it's always been there. and that has helped us. it's helped us not only to borrow money at lower interest costs but the fact that our economy has loo
so when members of congress say continue the war in afghanistan, afghanistan, $10 billion a month, they are saying we're prepared to borrow $4 billion every single month to keep that promise. so the president comes to us about once a year and says i need more authority to continue to borrow money to pay for the things that you have asked us to do. that's what it comes down to. now, nobody likes to vote for the debt ceiling because it is so widely misunderstood. most people basically say i don't...
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Jul 27, 2011
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everybody knows that we are winding down the war in afghanistan and iraq. so, here we are six days away, six days waerbgs and we -- six days away, and we still have members of congress saying we have to pass a balanced budget amendment to the constitution. we have members on the other side who are saying that we have to raise taxes. we have a president of the united states who so far has refused to come forward with a detailed plan of his own. that's called leading from behind. it's time, it's time we listened to the markets. it's time we listened to our constituents. but most of all, it's time we listened to the american people and sit down and seriously negotiate something before we face a situation where we are depriving the american people of the fundamental right of having a government that doesn't deprive them the essential services, goods and entitlements which they have earned. madam president, i yield the floor. i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. corker: i'd ask unanimous consent
everybody knows that we are winding down the war in afghanistan and iraq. so, here we are six days away, six days waerbgs and we -- six days away, and we still have members of congress saying we have to pass a balanced budget amendment to the constitution. we have members on the other side who are saying that we have to raise taxes. we have a president of the united states who so far has refused to come forward with a detailed plan of his own. that's called leading from behind. it's time, it's...
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Jul 12, 2011
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. -- in iraq or afghanistan. sergeant first class petrie's story is one of courage and sacrifice and immense love of country. it's a story that began years ago in santa fe with a young plan who struggled in high school but refused to give up and instead buckled down, dug deep, and found the hero within. a hero to the men he saved on that fateful day in afghanistan and a hero to all americans who owe their freedoms to our brave men and women in uniform. it's the story that day in may of 2008 that i'd like to tell you about today. sergeant first class petrie was a member of the 75th ranger religious when he and -- regimen when he and his fellow soldiers were to capture. they were engaged in a fire fight when several in their regimen were pinned down by grenades. petrie had already been wounded by bullet fishings shot through both legs by a hidden enemy. but he didn't a how his wounds to stop him. pinned inside a courtyard with a fellow ranger, he continued the fight calling in support and creating a brief pause in
. -- in iraq or afghanistan. sergeant first class petrie's story is one of courage and sacrifice and immense love of country. it's a story that began years ago in santa fe with a young plan who struggled in high school but refused to give up and instead buckled down, dug deep, and found the hero within. a hero to the men he saved on that fateful day in afghanistan and a hero to all americans who owe their freedoms to our brave men and women in uniform. it's the story that day in may of 2008...
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Jul 26, 2011
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there are 145,000 troops deployed in iraq and afghanistan who are working long hours every day in the desert heat to protect our freedom. to make sure that we are doing everything we can to root out the terrorists that have attacked america. these men and women all raise their right hand and volunteered to go to defend this nation. the very least that we can do while we are in this kind of budget negotiation, which is making a lot of people nervous -- i have faith that we're going to do the right thing in the end, but it's not clear yet. we're pea a week away. -- we're a week away. so i don't think we should make these people think about whether it's going to happen and if there's going to be delay in a paycheck. so i hope that we'll be automobile to bring this bill up. i can guarantee, if the majority leader will bring up my bill, it will pass. it has 80 cosponsors. the new bill is the same thing except that it just makes the debt payment the priority, which you would hope would not have to be done, but, nevertheless, let's assure that our debtors know that we're going to pay the int
there are 145,000 troops deployed in iraq and afghanistan who are working long hours every day in the desert heat to protect our freedom. to make sure that we are doing everything we can to root out the terrorists that have attacked america. these men and women all raise their right hand and volunteered to go to defend this nation. the very least that we can do while we are in this kind of budget negotiation, which is making a lot of people nervous -- i have faith that we're going to do the...
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Jul 14, 2011
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let's start with afghanistan and iraq. we're spending $168 billion in iraq and afghanistan this year alone. $168 billion. this year, fiscal year 2011, we're spending more than $13 billion to train the iraqi and afghan security forces. $13 billion. okay. what did we spend here in america to retrain our workers so they can get new jobs? less than $10 billion. we're spending more money to train afghan and iraqi forces, security forces than we're spending to retrain our own workers all over america. 24 million americans unemployed or underemployed and yet we're spending $168 billion this year on afghanistan and iraq. again, i applaud the president for the actions he's taken, but quite frankly, mr. president, they don't go far enough. the president should have a faster timetable for our troops to get out of afghanistan. i've said is that publicly many times. if you really want to save some money, save that $1 million that it costs to keep one soldier in afghanistan and get them back here. we went to afghanistan to get the talib
let's start with afghanistan and iraq. we're spending $168 billion in iraq and afghanistan this year alone. $168 billion. this year, fiscal year 2011, we're spending more than $13 billion to train the iraqi and afghan security forces. $13 billion. okay. what did we spend here in america to retrain our workers so they can get new jobs? less than $10 billion. we're spending more money to train afghan and iraqi forces, security forces than we're spending to retrain our own workers all over...
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Jul 6, 2011
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first, we waged two wars in iraq and afghanistan, and we didn't pay for them. i think back in my history, and i can remember as a kid that every birthday i would receive a savings bond, u.s. savings bond. and i used to think it was interesting, they would hand me these $25 savings bonds and i knew they cost $18.25 but if i didn't do anything and held on to them, they would be worth $25. grandma and grandpa would give me the $25 savings bond and i knew it cost $18.25. those savings bonds is how we fund wars. americans sack tpaoeuzed -- sacrificed and they bought savings bonds. it was my family tradition. it was the tradition in america. when it came to the two most recent wars -- iraq and afghanistan -- it didn't happen. we borrowed the money from other countries. during that eight-year period of time under president bush, we wage twaod wars and borrowed the money and added it to the national debt. and we did something else. no president in the history of the united states of america ever has cut taxes in the midst of a war. and you know why? because you have yo
first, we waged two wars in iraq and afghanistan, and we didn't pay for them. i think back in my history, and i can remember as a kid that every birthday i would receive a savings bond, u.s. savings bond. and i used to think it was interesting, they would hand me these $25 savings bonds and i knew they cost $18.25 but if i didn't do anything and held on to them, they would be worth $25. grandma and grandpa would give me the $25 savings bond and i knew it cost $18.25. those savings bonds is how...
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Jul 20, 2011
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i disagree with a strategy where we're spending $100 billion to $120 billion in afghanistan in a strategy of nation building that is not the best use of our national security, not the best use of our soldiers who are there to fight for our national security, but those are decisions that were made in the past. and we must pay the bill on those decisions even when i disagreed with them. and then we need to put together a plan that takes on our deficit and our debt, and that plan has to put all of the options on the table. some of my colleagues across the aisle, they said, well, we want to protect the tax spending programs where we've tucked in tax provisions for the wealthy and the well connected. we want to defend those. we don't want to touch those for the best-off americans. but we want to cut the programs for working americans. that is unacceptable. we have seen enormous increase in the disparity between the wages and welfare of our citizens in general and the best-off becoming much, much wealthier proportionately. we can't continue to say that we're going to protect the well-connected
i disagree with a strategy where we're spending $100 billion to $120 billion in afghanistan in a strategy of nation building that is not the best use of our national security, not the best use of our soldiers who are there to fight for our national security, but those are decisions that were made in the past. and we must pay the bill on those decisions even when i disagreed with them. and then we need to put together a plan that takes on our deficit and our debt, and that plan has to put all of...
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Jul 19, 2011
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afghanistan, iraq, pakistan, libya, and soon as mr. leon panetta says, we'll be fighting in iran. we have military operations all over the middle east. why can't we divert some of those funds, cut some of those wars and not cut social security because social security never impacted on our debt. social security was funded all along so why are we cutting social security? >> guest: well, let me just assure you we are not going to cut social security, okay? i think there might be efforts in the house to cut social security, and it might possibly pass, although i certainly know that the cut cap and whatever it's called won't pass because it requires a two-thirds vote and you need 50 democrats to vote for it, and i don't believe we'll have 50 democrats to vote for it, but i guarantee you if any measure passed the house of social security, it would not be taken up in the senate, and if it did, i believe the president would veto it. you know, you're a retiree, paid into social security, all of your working life, and you deserve to continue to have that guarantee for you, and then i agree
afghanistan, iraq, pakistan, libya, and soon as mr. leon panetta says, we'll be fighting in iran. we have military operations all over the middle east. why can't we divert some of those funds, cut some of those wars and not cut social security because social security never impacted on our debt. social security was funded all along so why are we cutting social security? >> guest: well, let me just assure you we are not going to cut social security, okay? i think there might be efforts in...
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Jul 5, 2011
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they came to afghanistan not because they were attacked but because we were attacked. they were our friends, they're our allies. they've been with us trying to make sure afghanistan never goes back into the darkness, a place to attack us or them again. so when they need us, i would tell president obama, now's not the time to sit on the sidelines. i know we're a war weary nation, but there is no upside to qadhafi staying in power. that is a national security nightmare for this country. here's a recent headline. "qadhafi threatens to attack european over airstrikes. colonel qadhafi has threat inned to carry out attacks against homes, offices in europe unless nato calls off the airstrikes in libya." he actually means it. hitler meant it. he means it. so we should be talking about the debt. we're not. we should be taking a stand against qadhafi in an effective way. and as you said, senator mccain, we're leading from behind. and i just cannot tell you how upset i am with policies coming from this administration that are sending a signal to our allies that we're not as relia
they came to afghanistan not because they were attacked but because we were attacked. they were our friends, they're our allies. they've been with us trying to make sure afghanistan never goes back into the darkness, a place to attack us or them again. so when they need us, i would tell president obama, now's not the time to sit on the sidelines. i know we're a war weary nation, but there is no upside to qadhafi staying in power. that is a national security nightmare for this country. here's a...
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Jul 28, 2011
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an example, the war in afghanistan. some of the most conservative senators on the other side of the aisle not only want us to wage this war but to stay there and keep spending money. know what it costs? it costs $10 billion a month for us to protect our troops in afghanistan. for every dollar that we spend, every dollar that we spend, whether it's on the war, on food stamps, on missiles, on highways, for every dollar we spend we borrow 40 cents. we shouldn't be borrowing all this money, but we do because congress says there are certain things we've got to do as a nation. many of the same senators who have said to the president of the united states don't withdraw the troops from afghanistan, keep them there even longer, are now coming to the floor and saying to the president but we're not going to join in asking for the authority that you need to provide that money for those troops. now the senator from pennsylvania has come here the second day and given his take on what would happen if congress fails to extend the debt
an example, the war in afghanistan. some of the most conservative senators on the other side of the aisle not only want us to wage this war but to stay there and keep spending money. know what it costs? it costs $10 billion a month for us to protect our troops in afghanistan. for every dollar that we spend, every dollar that we spend, whether it's on the war, on food stamps, on missiles, on highways, for every dollar we spend we borrow 40 cents. we shouldn't be borrowing all this money, but we...
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Jul 27, 2011
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soldiers, in too many cases returning from iraq and afghanistan, are facing even greater challenges in the working market. i was at youngstown university talking, there are programs there, there's a group through magnet in youngstown in northeast ohio about putting -- getting -- helping soldiers and sailors and marines leaving the service, integrating into the classroom and helping them find jobs in that region, someplace we've fallen woefully short. manufacturing, which was moving along steadily earlier this year, we had seen 12, 13, 14, 15 months of job growth in manufacturing, not enough job growth but some, that's even slowing down. steps taken through the auto rescue and other things we did in the last couple of years dealing with this terrible, terrible recession created in 2007 and 2008 the auto rescue saved millions -- auto rescue and other efforts saved millions of americans from joining the unemployment rolls and we're seeing a better auto industry, an auto industry coming back, especially in places like defiance and toledo and northwood and cleveland and lordstown, ohio. bit
soldiers, in too many cases returning from iraq and afghanistan, are facing even greater challenges in the working market. i was at youngstown university talking, there are programs there, there's a group through magnet in youngstown in northeast ohio about putting -- getting -- helping soldiers and sailors and marines leaving the service, integrating into the classroom and helping them find jobs in that region, someplace we've fallen woefully short. manufacturing, which was moving along...
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Jul 26, 2011
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the american people would begin to recognize these savings from withdrawing from iraq and afghanistan. and essential education, job creation, housing, and environmental investments where america's economic recovery and for our strong economic future would be protected from the slashing cuts proposed by the house republicans. the irony is, republican leaders previously have backed all the spending reductions called for in leader reid's plan. now, i don't agree -- and i suspect all of us don't agree with all aspects of this proposed solution. but we're not going to have 100 solutions on this floor. we're going to have one that we can vote on. i wish this would have included new revenue, especially by ending such costly and outdated tax benefits as those still enjoyed by the biggest oil companies to help us pay off our debt even more quickly. i'd like to help pay for the debt incurred by the inexcusable earlier decisions to enter two wars without paying for them. and i continue to believe the surcharge for the wealthiest would mean that they would pay more of their fair share after so ma
the american people would begin to recognize these savings from withdrawing from iraq and afghanistan. and essential education, job creation, housing, and environmental investments where america's economic recovery and for our strong economic future would be protected from the slashing cuts proposed by the house republicans. the irony is, republican leaders previously have backed all the spending reductions called for in leader reid's plan. now, i don't agree -- and i suspect all of us don't...
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Jul 6, 2011
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right now there are 140,000 brave americans risking death and injury in afghanistan and iraq. do we reduce our responsibility to them because republicans don't want to burden millionaires? additionally, payments to doctors under medicare, medicaid could be suspended. where do the seniors and needy americans turn then in the event of an urgent medical problem? at a time when nearly 14 million americans are out of work and struggling to keep food on the table, unemployment benefits could lapse. we're talking about the possibility of people without incomes, people unable to sustain their basic needs. in addition to destroying the safety net for ordinary americans, a default crisis would likely threaten america's position as the economic giant of the world, as we see the possibility of widespread panic on wall street and the damage to the credit markets that could lead to the loss of millions of jobs across the country. the question has to be answered, mr. president: why are the republicans willing to walk on this economic tightrope to win favor among wealthy contributors? it's be
right now there are 140,000 brave americans risking death and injury in afghanistan and iraq. do we reduce our responsibility to them because republicans don't want to burden millionaires? additionally, payments to doctors under medicare, medicaid could be suspended. where do the seniors and needy americans turn then in the event of an urgent medical problem? at a time when nearly 14 million americans are out of work and struggling to keep food on the table, unemployment benefits could lapse....
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Jul 12, 2011
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and, yes, maybe we've got to bring the troops home from iraq and afghanistan sooner than many here would like or that the president would like, and save substantial sums if we do that. most certainly if we're going to go forward with shared sacrifice, yes, we do have to ask billions, despite all of their power and all of their campaign contributions and all of their lobbying, maybe the billionaires who are doing phenomenally well may have to contribute to deficit reduction. yes, maybe those companies that stash their money in tax hyphens in pwerpld and the cayman eye hraldz -- in bermuda and the cayman islands, maybe they are going to have to start paying their fair share. on my web site which is sanders.senate.gov, i put a small letter which said to the president, mr. president, stand tall. take on these right-wing ideologues who want to make devastating cuts to working families. and in a couple of weeks we have 135,000 signatures on that letter, and i think that letter reflects what the american people want. they want shared sacrifice. they do not want to see the elderly, the kids or w
and, yes, maybe we've got to bring the troops home from iraq and afghanistan sooner than many here would like or that the president would like, and save substantial sums if we do that. most certainly if we're going to go forward with shared sacrifice, yes, we do have to ask billions, despite all of their power and all of their campaign contributions and all of their lobbying, maybe the billionaires who are doing phenomenally well may have to contribute to deficit reduction. yes, maybe those...
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Jul 18, 2011
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ira paychecks for troops in the afghanistan and iraq and bases around the world would stop. the faa could shut down. so could the fbi and the cia ant border crossings could close.foa safety inspections of food americans eat and cargo that enters our ports could hault. literally every function of sec government could seize. social security checks, payments to our veterans. no there would be no discussion on which operations personal or essential. all the payments would very likely. stopped. some have said we could prioritize which bills to pay. even if that would irreparably damage the nations reputation and the global economy and the global community which it would, is also a complete fiction. our government won't even behe able to cover the b bills due on august 3. it will simply run outun of monr and because we will be in default and our credit rating trash we will be able to borrow money -- even if we wanted to. bad is the picture secretary geithner panned and like if said it is graham. this understandagues this. they know what is kno at stake.t it is not blanket for sure
ira paychecks for troops in the afghanistan and iraq and bases around the world would stop. the faa could shut down. so could the fbi and the cia ant border crossings could close.foa safety inspections of food americans eat and cargo that enters our ports could hault. literally every function of sec government could seize. social security checks, payments to our veterans. no there would be no discussion on which operations personal or essential. all the payments would very likely. stopped. some...
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Jul 27, 2011
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forces in iraq and afghanistan, saving $1 trillion in the process. our troops in the middle east deserve our admiration and praise for so successfully carrying out their missions. we must, however, continue to press for a strategy that will bring our troops home as soon as we safely can. the reid deficit plan would find an additional $40 billion in savings by cutting fraud and abuse in tax compliance and a number of non-defense federal programs and $60 billion in other savings, including cutting unnecessary spending on agricultural subsidies and auctioning off electromagnetic spectrum that the government currently holds. finally, by cutting the government by over $2 trillion, we'll have to borrow less money than anticipated and that will save an additional $400 million -- sorry, $400 billion in projected interest costs. in total, the senate democratic plan on which we will vote would cut the deficits by $2.7 trillion over the next ten years. while senator reid's proposal would not address the tax gimmicks and loopholes throughout our tax code that he
forces in iraq and afghanistan, saving $1 trillion in the process. our troops in the middle east deserve our admiration and praise for so successfully carrying out their missions. we must, however, continue to press for a strategy that will bring our troops home as soon as we safely can. the reid deficit plan would find an additional $40 billion in savings by cutting fraud and abuse in tax compliance and a number of non-defense federal programs and $60 billion in other savings, including...
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Jul 21, 2011
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paychecks for soldiers, in afghanistan and iraq and at bases around the world conceivably wouldn't go out. f.a.a. towers could shut down. border crossings could close. operations at the f.b.i. and the c.i.a. would be put at risk. safety inspections of the food that we eat and the cargo that enters our ports could halt. and the resulting spike in interest rates would ironically make our debt even harder to tackle because each 1% rise in interest rates alone would result in $130 billion in increased interest payments on our national debt each year. perhaps, most importantly, hard-working american families would also feel the crunch. a spike in interest rates would effectively force a tax on all americans and american businesses due to increased consumer costs. just as important, failure to raise the debt limit would lock up credit markets because the u.s. would no longer be seen as a reliable credit risk. coincidentally, mr. president, yesterday an important consumer protection law which senator lugar and i introduced and passed and you helped us with on the floor here last year went in
paychecks for soldiers, in afghanistan and iraq and at bases around the world conceivably wouldn't go out. f.a.a. towers could shut down. border crossings could close. operations at the f.b.i. and the c.i.a. would be put at risk. safety inspections of the food that we eat and the cargo that enters our ports could halt. and the resulting spike in interest rates would ironically make our debt even harder to tackle because each 1% rise in interest rates alone would result in $130 billion in...
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Jul 15, 2011
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and afghanistan? why send all of that money over there? get our troops out of all of these other countries that we need them in. germany and philippines and all of the other places anymore. >> host: here's leslie -- excuse me, tammy in leslie, kentucky. >> caller: yes, they need to bring our troops home and stop spending the millions of billions. they need to help out the people on social security. it's hard to make it especially when you have a family. >> host: florida, linda on the independent line. where do things stand with the debt and deficit negotiations? >> caller: i think personally it's all bull crap. you've got people that is -- has been on the social security because they are either disabled or whatever. bring our troops home. we don't need to support pakistan. look what they did to us, we don't need to support iran. bring us home. get us out of that situation. we have people out here that fought for the country. now they are going to suffer because he wants to cut back the social security, medicare, and medicaid? that's nuts.
and afghanistan? why send all of that money over there? get our troops out of all of these other countries that we need them in. germany and philippines and all of the other places anymore. >> host: here's leslie -- excuse me, tammy in leslie, kentucky. >> caller: yes, they need to bring our troops home and stop spending the millions of billions. they need to help out the people on social security. it's hard to make it especially when you have a family. >> host: florida, linda...
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Jul 15, 2011
07/11
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the treasury of enormous amounts of money at a time that we had two wars raging abroad in iraq and afghanistan, also unpaid for. and a new entitlement program passed in the past congress unpaid for. and a wall street that instead of being a free market was a free-for-all market. you put that all together and that's what we're coming out of. so i'm wondering, you know, your answer to me suggests that there isn't anymore monetary policy that is going to come forward that could in essence seek a more faster, more robust recovery with a greater job growth? >> well, as i said in my, in my testimony, we, given that there's a lot of uncertainty how the economy will evolve, we have to keep all options, both for tightening and for easing on the table. we're doing that. but, again, we are already providing an exceptional amount of accommodation and, as you know, recovery is still pretty slow. >> now i want to turn to the question of the debt ceiling. i know you discussed that quite a bit. i find it interesting under president bush's years, he raised the debt ceiling to the tune of about $5.4 trillion, d
the treasury of enormous amounts of money at a time that we had two wars raging abroad in iraq and afghanistan, also unpaid for. and a new entitlement program passed in the past congress unpaid for. and a wall street that instead of being a free market was a free-for-all market. you put that all together and that's what we're coming out of. so i'm wondering, you know, your answer to me suggests that there isn't anymore monetary policy that is going to come forward that could in essence seek a...
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Jul 20, 2011
07/11
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president, to borrow the money to sustain our military forces in afghanistan. that is literally what we're talking about here in this debate. the american people are starting to come to understand it because when you first ask a person do you want to extend the debt ceiling, the obvious answer is no, are you crazy, senator? why would i want more debt in this country? we need less debt, not more. don't you get it? understandably, that's the public reaction, but when you go to the point of explaining that this is to pay for things we have already -- debts we have already incurred -- and it isn't just to wage a war. it's a debt incurred to pay for medicare. we said to 65-year-olds across america you get a health insurance plan called medicare and it will be there when you need it. when you go to the hospital and turn in your bills, we'll pay that doctor and pay that hospital, and we borrow money to do it. mr. brown: will the assistant majority leader yield? mr. durbin: i will. mr. brown: i just walked in. i appreciate your comments about where we were. 10 years ag
president, to borrow the money to sustain our military forces in afghanistan. that is literally what we're talking about here in this debate. the american people are starting to come to understand it because when you first ask a person do you want to extend the debt ceiling, the obvious answer is no, are you crazy, senator? why would i want more debt in this country? we need less debt, not more. don't you get it? understandably, that's the public reaction, but when you go to the point of...
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Jul 14, 2011
07/11
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denying the federal treasury those moneys at a time in which we had two wars raging abroad in iraq and afghanistan and new entitlement program unpaid for, and a marketplace that instead of being a free market, which i support, became a free-for-all market in which investor decisions end up becoming collective risks to the entire country. and that's what we have been facing. instead of meeting this responsibility, they favor cuts in entitlements to seniors, to the disabled, the families struggling to make ends meet, to students seeking to get the college education that can help fuel america's prosperity. that's what we saw in the house republican budget that passed. but are willing to decimate our nation's economy to protect entitlements for the rich. they've dug in their heels and walled off irresponsible, unnecessary tax breaks for big oil companies. they've walled off entitlements to multibillion-dollar corporations and millionaires who need no entitlements because they believe, blinded by their ideological haze, that the rich are entitleed to their outrageous ways even if it means ballooning th
denying the federal treasury those moneys at a time in which we had two wars raging abroad in iraq and afghanistan and new entitlement program unpaid for, and a marketplace that instead of being a free market, which i support, became a free-for-all market in which investor decisions end up becoming collective risks to the entire country. and that's what we have been facing. instead of meeting this responsibility, they favor cuts in entitlements to seniors, to the disabled, the families...
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Jul 13, 2011
07/11
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they are a great partner of ours in afghanistan and in other trouble spots across the globe. that's personally important to me because 100 years ago this year my grandfather immigrated from crow shay to this country, john begich. then it was spelled p-e-c-g-i-c. he left his farmer and eventually settled in northern minnesota in the iron range. he and his young bride anna had four children, their youngest nikolas, made his way to america's new frontier, alaska, even before we were a staivment he was my father. nick was an educator and eventually was elected alaska's lone member of the united states house of representatives in 1970. i'm honored to follow in his footsteps as a member of the senate, where i'm the only member of croatian dissent. my recent visit was my first to croatia. i was honored to represent the body at the summit along with officials from the state department and u.s. embassy. i was impressed by the great progress under way there as well as the excellent job being performed by our embassy personnel. there are enormous opportunities for partnership between th
they are a great partner of ours in afghanistan and in other trouble spots across the globe. that's personally important to me because 100 years ago this year my grandfather immigrated from crow shay to this country, john begich. then it was spelled p-e-c-g-i-c. he left his farmer and eventually settled in northern minnesota in the iron range. he and his young bride anna had four children, their youngest nikolas, made his way to america's new frontier, alaska, even before we were a staivment he...